Using the data in Extract B, calculate the change in Sports Direct's current ratio between 2014 and
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Using the data in Extract B, calculate the change in Sports Direct's current ratio between 2014 and 2015.
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Extract B Extract from the Statement of Financial Position of Sports Direct plc Non-current Assets Current Assets Current Liabilities Non-current Liabilities -Total Equity Net Assets 2015 2014 £('000) £('000) 895,386 856,867 878,297 843,872 382,621 799,245 229,511 83,940 1,161,551 817,554 1,161,551 817,554 Source: http://www Files/S/Sports-Dire Report%202015%2 Extract B Extract from the Statement of Financial Position of Sports Direct plc Non-current Assets Current Assets Current Liabilities Non-current Liabilities -Total Equity Net Assets 2015 2014 £('000) £('000) 895,386 856,867 878,297 843,872 382,621 799,245 229,511 83,940 1,161,551 817,554 1,161,551 817,554 Source: http://www Files/S/Sports-Dire Report%202015%2
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The current ratio is calculated by dividing the current assets by the current liabi... View the full answer
Related Book For
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
Posted Date:
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